Metallium (ASX: MTM & OTCQX: MTMCF) has executed its first binding electronic-scrap supply agreement, locking in contracted feedstock to support commercial commissioning in the United States. The agreement is with Glencore, one of the world’s largest recyclers of end-of-life electronics and critical metal-bearing materials.
Under the agreement, Metallium’s U.S. subsidiary will receive up to 2,400 tonnes per annum of shredded electronic scrap. The contract is multi-year in nature, with annual extensions, and provides feedstock certainty during commissioning and early scale-up of Flash Joule Heating processing lines.
Feedstock certainty underpins U.S. commissioning
Securing contracted supply is a prerequisite for stable commissioning and predictable reactor utilisation. The agreement provides Metallium with a defined throughput base as it progresses commissioning at its Texas Technology Campus.
The supply contract follows earlier technical and commercial collaboration between the parties. Commercial terms reflect Glencore’s standard arrangements for secondary materials. Apart from the binding nature and volume commitments, other terms remain confidential.
Importantly, the agreement does not include take-or-pay obligations. Volumes are scheduled annually through ordinary course logistics planning, providing operational flexibility during early commercial operations.
PCB scrap targets high-value metal recovery
Printed circuit boards are among the highest-value waste streams in global recycling. They contain elevated concentrations of gold, silver, palladium, and copper relative to most primary ores.
U.S. PCB scrap generation has increased alongside shorter replacement cycles for servers, telecom infrastructure, defence electronics, and EV power systems. However, domestic processing capacity has historically been limited, resulting in offshore treatment and long logistics chains.
Metallium’s Flash Joule Heating technology is designed to address this gap. The electrically driven, modular system rapidly liberates metals from complex waste matrices. This enables the production of consistent metal-bearing intermediates from heterogeneous PCB-rich feeds.
Pathway to domestic critical-metals processing
With commissioning underway in Texas, the binding Glencore agreement establishes Metallium’s commercial operating base in the U.S. It also supports engagement with downstream refiners, OEMs, and strategic partners seeking domestic sources of recycled critical metals.
A separate binding offtake agreement covering recovered metal products remains under negotiation. Pricing for recovered metals will reference recognised benchmarks, including LBMA, LME, and Fastmarkets, depending on the metal.
Managing Director and CEO Michael Walshe said: “This is a defining moment for Metallium. Our first binding supply agreement gives us exactly what every processing technology company needs most: consistent, secure, high-quality feedstock.”
Several additional supply agreements are under negotiation as the company positions for multi-line deployment and capacity expansion.
